Solar Enertech Corp Stock Working Capital
Solar Enertech Corp fundamentals help investors to digest information that contributes to Solar Enertech's financial success or failures. It also enables traders to predict the movement of Solar Pink Sheet. The fundamental analysis module provides a way to measure Solar Enertech's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Solar Enertech pink sheet.
Solar |
Solar Enertech Corp Company Working Capital Analysis
Solar Enertech's Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .
More About Working Capital | All Equity Analysis
Working Capital | = | Current Assets | - | Current Liabilities |
Current Solar Enertech Working Capital | (1.14 M) |
Most of Solar Enertech's fundamental indicators, such as Working Capital, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Solar Enertech Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Working Capital can be positive or negative, depending on how much of current debt the company is carrying on its balance sheet. In general terms, companies that have a lot of working capital will experience more growth in the near future since they can expand and improve their operations using existing resources. On the other hand, companies with small or negative working capital may lack the funds necessary for growth or future operation. Working Capital also shows if the company has sufficient liquid resources to satisfy short-term liabilities and operational expenses.
Competition |
Based on the company's disclosures, Solar Enertech Corp has a Working Capital of (1.14 Million). This is 100.01% lower than that of the Semiconductors & Semiconductor Equipment sector and 100.2% lower than that of the Information Technology industry. The working capital for all United States stocks is 100.08% higher than that of the company.
Solar Working Capital Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Solar Enertech's direct or indirect competition against its Working Capital to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of Solar Enertech could also be used in its relative valuation, which is a method of valuing Solar Enertech by comparing valuation metrics of similar companies.Solar Enertech is currently under evaluation in working capital category among its peers.
Solar Fundamentals
Return On Equity | -0.87 | |||
Return On Asset | -0.26 | |||
Profit Margin | (0.30) % | |||
Operating Margin | (0.30) % | |||
Current Valuation | 2.38 M | |||
Shares Outstanding | 183.07 M | |||
Price To Earning | (0.01) X | |||
Price To Book | 0.18 X | |||
Price To Sales | 0.05 X | |||
Revenue | 42.69 M | |||
Gross Profit | (1.03 M) | |||
EBITDA | (5.74 M) | |||
Net Income | (1.69 M) | |||
Cash And Equivalents | 1.09 M | |||
Cash Per Share | 0.01 X | |||
Total Debt | 1.51 M | |||
Debt To Equity | 0.21 % | |||
Current Ratio | 0.88 X | |||
Book Value Per Share | 0.04 X | |||
Cash Flow From Operations | (2.98 M) | |||
Earnings Per Share | (0.05) X | |||
Number Of Employees | 290 | |||
Beta | 43.38 | |||
Market Capitalization | 1.46 M | |||
Total Asset | 21.88 M | |||
Retained Earnings | (97.22 M) | |||
Working Capital | (1.14 M) | |||
Current Asset | 8.21 M | |||
Current Liabilities | 9.35 M | |||
Z Score | -4.6 | |||
Net Asset | 21.88 M |
About Solar Enertech Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Solar Enertech Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Solar Enertech using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Solar Enertech Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Solar Enertech
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Solar Enertech position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Solar Enertech will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Solar Enertech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Solar Enertech when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Solar Enertech - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Solar Enertech Corp to buy it.
The correlation of Solar Enertech is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Solar Enertech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Solar Enertech Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Solar Enertech can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Solar Pink Sheet
Solar Enertech financial ratios help investors to determine whether Solar Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Solar with respect to the benefits of owning Solar Enertech security.